Gemini Sues Digital Currency Group and Founder Barry Silbert Alleging ‘Fraud’

HomeCrypto News

Gemini Sues Digital Currency Group and Founder Barry Silbert Alleging ‘Fraud’

The lawsuit is intended to recover Gemini's funds from DCG, a filing made to the New York County Supreme Court said. Gemini entered into a partnership

The lawsuit is intended to recover Gemini’s funds from DCG, a filing made to the New York County Supreme Court said. Gemini entered into a partnership with Genesis which allowed its customers to earn up to 7.4% in annual percentage yield. Gemini sent its customers’ funds to Genesis, which in turn loaned them out to companies like the now-defunct Three Arrows Capital. Like Genesis, CoinDesk is a subsidiary of DCG.

www.coindesk.com